SM Prime Sets Interest Rate for Retail Bond Series P, Q, and R

(05 April, 2022, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime) has set the interest rates for its Peso-denominated Series P, 5-year retail bond at 5.6141 per cent due on 2027; Series Q, 7-year retail bond at 6.1175 per cent due on 2029; and Series R, 10-year retail bond at 6.5432 per cent due on 2032.

SM Prime issued an aggregate principal amount of PHP15.0 billion of the Series P, Q and R bonds, with oversubscription option of an additional PHP15.0 billion. These retail bonds will be offered from April 7 to 13, 2022 by SM Prime to investors through joint issue managers BDO Capital & Investment Corporation and China Bank Capital Corporation, which are also joint bookrunners and joint lead underwriters together with BPI Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, RCBC Capital Corporation, and SB Capital Investment Corporation, following the receipt of the Permit to Sell from the Securities and Exchange Commission. These retail bonds are set to be issued on April 22, 2022.

“SM Prime will use the proceeds of these latest retail bonds issuance to pursue the expansion plans set for the Company’s property portfolios, including malls, residential developments, offices, and hotels, which will drive further growth to the Company as well as to the communities we serve,” SM Prime Chief Finance Officer John Nai Peng C. Ong said.

The proposed issuance is the fourth tranche under the Company’s PHP100 billion Shelf Registration of Fixed Rates Bonds approved by SEC on 12 February 2020 under the Securities and Exchange Commission (the “SEC”) (the “Debt Securities Program”) under SEC MSRD Order No. 6, Series of 2020 dated 28 February 2020. Similar to its previous bond issues, the SM Prime Series P, Q and R bonds have been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings). A rating of PRS Aaa is the highest rating assigned by PhilRatings, denoting that such obligations are of the highest quality with minimal credit risk and the issuing company ‘s capacity to meet its financial commitment on the obligations is extremely strong.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

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For further information, please contact:

Alexander Pomento

Vice President, Investor Relations

SM Prime Holdings, Inc.

E-mail: alex.pomento@smprime.com

Tel. no.: +632 8862 7940